The ETHUSD market is forming the bearish wave [C] as a five-wave impulse (1)-(2)-(3)-(4)-(5). The first impulse wave (1) has completed, and bullish correction (2) should be developing as a zigzag A-B-C. Correction (2) should finish at a level of 1720.00, the high marked by sub-wave 4. Next, the price will be declining in impulse (3).
Trading plan for ETHUSD today:
Take profit: 1720.00.